Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 3-bedroom, 2-bathroom single family at 8897 Hartwell Street in Detroit, MI is listed for $110,000 ($102 per sqft). Built in 1936, the home offers 1,080 sqft of living space on a 0.11 acres lot.
Turnkey investment opportunity with immediate income already in place. This updated brick property is currently tenant occupied at $1,400 per month, with a lease secured through October 2026, allowing you to step into cash flow from day one without the time or expense of placing a tenant.
At the current rental rate, the property produces $16,800 annually in gross rental income, delivering an attractive rent-to-price ratio of over 15% gross annual return before expenses. With today's DSCR lending environment, the existing rental income positions this property well for investors seeking strong debt-service coverage and cash-flow potential.
The home itself has been thoughtfully updated to support long-term tenant satisfaction and minimize future capital expenses. Featuring 3 bedrooms and 1.5 baths, the property offers updated flooring, modern finishes, and a clean neutral interior that continues to attract strong rental demand.
The functional layout, the modern updates, and the newer roof make this an ideal low-maintenance addition to any portfolio. Whether you're expanding your portfolio or securing your next reliable rental, this property offers the combination investors are looking for: performing income, secured tenancy, updated condition, and strong rental fundamentals at an appropriate price point.
Key Features
- Built in 1936
- 0.11 acre lot
- 2 stories
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$588/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8897 Hartwell Street
Detroit, MI 48228
Robert M Grindleys Sub 5
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 3-bedroom, 2-bathroom single family at 8897 Hartwell Street is listed at $110,000 ($102/sqft). The estimated monthly payment is $477 based on 20% down at 6.5% interest.
Key features include: Built in 1936, 0.11 acre lot, 2 stories, Fireplace. Interior Features: High Spd Internet Avail.
This property is listed by Anuj Chand and can be reached at (810) 515-1503 or anuj@agentchand.com.
